Example Setup

In this example, one retainage rule is set at the contract level. The calculation is based on two different percent completions on the contract. The control flag is set to blank to create retainage in A/R with no deferred taxes. The T and M line has no schedule of values.

This table shows how retainage rule E (Multi RETN Percentages on Completion) is set up in the Retainage Rules Table program (P5204):

Percent Retainage	Percent Complete
10 percent	20.00
15 percent	38.00

This contract is set up in the Contract Master Revisions program (P5201):

Contract Part	Retainage Rule	Offset	Control Flag	Tax Explanation	Tax Rate/Area
Contract	E	RETN		S	D1 = 3.5 percent